GRACE INSTITUTE OF NEW YORK INC Charity Report

Public IRS 990 nonprofit record

GRACE INSTITUTE OF NEW YORK INC

EIN 81-0844164 · Vocational Rehabilitation (J30)

What they do

GRACE INSTITUTES MISSION is to EMPOWER UNDERSERVED WOMEN IN THE NEW YORK AREA to ACHIEVE EMPLOYMENT and ECONOMIC SELF-SUFFICIENCY. WITHIN A SUPPORTIVE and STRUCTURED ENVIRONMENT, GRACE INSTITUTE PROVIDES JOB-SKILLS TRAINING, COUNSELING, PLACEMENT SERVICES and CONTINUOUS LEARNING OPPORTUNITIES THAT LEAD to UPWARDLY MOBILE EMPLOYMENT. GRACE INSTITUTE OFFERS THESE SERVICES SO THAT PARTICIPANTS CAN REALIZE THEIR INHERENT STRENGTH, RESILIENCE and LIMITLESS POTENTIAL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.25%of revenue went to mission work72.4% of expenses · Program services

12.83%of revenue went to fundraising16.2% of expenses

$79.09spent for every $100 of revenueRevenue covered expenses this year.

9.02%of revenue went to management and office costs11.4% of expenses

$1.17in assets for every $1 spent this yearSome assets cannot be spent right away.

96.4%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $277,821 for DANAE MCLEOD (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,821,234

Mission workProgram services$2,760,01957.25% of revenue72.4% of expenses

ManagementOffice and general costs$434,9419.02% of revenue11.4% of expenses

FundraisingAsking for donations$618,33712.83% of revenue16.2% of expenses

Revenue left after expensesReported annual surplus$1,007,93720.91% of revenueShown in gray on the chart

Total expenses$3,813,29779.09% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 72.4% mission · 11.4% management · 16.2% fundraisingTotal expenses: 79.09% of revenue

2023Expense mix: 73.1% mission · 11.6% management · 15.3% fundraisingTotal expenses: 82.66% of revenue

2022Expense mix: 72.4% mission · 11.2% management · 16.4% fundraisingTotal expenses: 83.45% of revenue

2021Expense mix: 72.3% mission · 11.3% management · 16.4% fundraisingTotal expenses: 74.51% of revenue

2020Expense mix: 73.2% mission · 12.4% management · 14.4% fundraisingTotal expenses: 87.27% of revenue

2019Expense mix: 68.4% mission · 12.2% management · 19.4% fundraisingTotal expenses: 94.07% of revenue

2018Expense mix: 64.8% mission · 18.9% management · 16.3% fundraisingTotal expenses: 124.03% of revenue

2017Expense mix: 79.4% mission · 6.5% management · 14.1% fundraisingTotal expenses: 92.17% of revenue

Money in and money out

Revenue$4,821,234

Expenses$3,813,297

Annual surplus $1,007,937 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,760,019 · 72.4% of expenses

Management and office costs$434,941 · 11.4% of expenses

Fundraising$618,337 · 16.2% of expenses

See all reported dollar amounts

Revenue$4,821,234

Expenses$3,813,297

Assets$4,467,318

Income$4,869,378

Contributions$4,649,670

Mission work (program services)$2,760,019

Fundraising$618,337

Management and general$434,941

Executive compensation (total)$56,297

Accounting fees$29,082

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANAE MCLEODCHIEF EXECUTIVE OFFICER · 35 hrs/week $277,821Base $256,603 · Other $21,218

LEAH COOPERDIRECTOR OF DEVELOPMENT · 35 hrs/week $213,059Base $204,238 · Other $8,821

CHERISE JONESCHIEF FINANCIAL AND OPERATIONS OFFICER · 35 hrs/week $169,796Base $157,276 · Other $12,520

MIA WILSONCHIEF STRATEGY OFFICER · 35 hrs/week $153,095Base $145,522 · Other $7,573

JOHN MARIMUTHUDIRECTOR OF TALENT SERVICE · 35 hrs/week $112,898Base $108,620 · Other $4,278

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

DANAE MCLEODCHIEF EXECUTIVE OFFICER

LEAH COOPERDIRECTOR OF DEVELOPMENT

CHERISE JONESCHIEF FINANCIAL AND OPERATIONS OFFICER

MIA WILSONCHIEF STRATEGY OFFICER

JOHN MARIMUTHUDIRECTOR OF TALENT SERVICE

M L GRAEME CAMPBELLDIRECTOR

SHAY GIPSONDIRECTOR

RONITA MACKLINDIRECTOR

PATRICK GRACEDIRECTOR (THROUGH 3/24)

PATRICIA MONTGOMERIEDIRECTOR

MONICA RICHTERDIRECTOR

MICHELLE CILIENDIRECTOR

MARY TIDLUNDDIRECTOR

MARGO PILICDIRECTOR

MARC JAMESDIRECTOR

MABEL RIUSDIRECTOR

BARBARA A YASTINESECRETARY

LIZ HERSHFIELDDIRECTOR

KATIA BOUAZZADIRECTOR

JOSIE COXDIRECTOR

IVA VUKINABOARD CHAIR

DAVID BEARDIRECTOR

BRENDAN DOYLETREASURER (THROUGH 12/24)

About this charity

Recognized since: January 2016
Location: 40 RECTOR STREET 14TH FLOOR, NEW YORK, NY 10006-1728
County: New York
In care of: % ROSS KLEPETKO
Primary officer: DANAE MCLEOD, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@graceinstitute.org Phone(212) 832-7605

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SAX LLP
NTEE classification: Vocational Rehabilitation (J30)
IRS tax category: Vocational Rehabilitation